Market Context: MATIC shows recovery, aligned with positive market sentiments post-Bitcoin Spot ETF approval.
Technical Structure: A rounding reversal in the weekly chart hints at an imminent rally towards $1.33.
Current Status: Despite a 17.35% drop last week, MATIC is rebounding, supported by a 12.51% weekly rise.
Volume Indicator: A significant 64% increase in 24H trading volume bolsters the breakout potential.
Resistance Challenge: MATIC faces a tough resistance trendline around $1, pivotal for the rally’s continuation.
Price Movements: Trading around $0.9013, MATIC exhibits bullish signals in the daily chart.
Technical Indicators:
RSI: Indicates a stable trend above the midpoint, devoid of bearish divergences.
MACD: Positive crossover above zero, but fluctuating histograms suggest caution.
Technical Structure: A rounding reversal in the weekly chart hints at an imminent rally towards $1.33.
Current Status: Despite a 17.35% drop last week, MATIC is rebounding, supported by a 12.51% weekly rise.
Volume Indicator: A significant 64% increase in 24H trading volume bolsters the breakout potential.
Resistance Challenge: MATIC faces a tough resistance trendline around $1, pivotal for the rally’s continuation.
Price Movements: Trading around $0.9013, MATIC exhibits bullish signals in the daily chart.
Technical Indicators:
RSI: Indicates a stable trend above the midpoint, devoid of bearish divergences.
MACD: Positive crossover above zero, but fluctuating histograms suggest caution.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.